Secretive Hedge Fund Raises $1 Billion to Make Big Leveraged Bets (Bloomberg)
Eisler Capital, one of Europe’s most secretive hedge funds, has raised about $1 billion for a new money pool that plans to use leveraged bets to juice its track record of reliable single-digit returns. The Eisler Capital Multi Strategy Fund is the region’s second-largest hedge fund launch this year and started trading on July 1, according to a person familiar with the matter, who asked not to be identified because the details are private. The fund aims to leverage its bets by as much as four times to achieve gains of 12-15%, according to an investor document seen by Bloomberg.
Jamie Dimon’s $50 million Surprise (Business Insider)
Jamie Dimon just got a glitzy new offer to keep him around another five years. UBS is raising salaries for investment banking analysts, associates, and directors and we have all the details. Ryan Tolkin‘s professors, colleagues, and friends give us some insight into the 34-year-old’s rise at Schonfeld Strategic Advisors. We rounded up the top fintechs you should look out for this year, including some that could be the next household names, and others that are building behind-the-scenes tech that will revolutionize Wall Street.
King Street Capital Management Raises $1.2 Billion Inaugural Global Drawdown Fund Targeting Less Liquid, Longer Duration Credit Opportunities (PRNewswire)
NEW YORK, July 22, 2021 /PRNewswire/ — King Street Capital Management, L.P. (“King Street”), a leading $20 billion global investment manager specializing in credit, announced today that it has raised $1.2 billion for its inaugural Global Drawdown Fund (“GDF”) from existing and new investors, exceeding its $750 million target. GDF has a flexible, global mandate. It will target opportunities across distressed and stressed corporate debt, structured products, and asset-backed investments, as well as claims and claim-related opportunities. The fund expands on King Street’s robust product offerings, building upon its established multi-strategy credit-focused Flagship and European hedge funds, along with its growing platform of real estate, CLO and lending offerings.
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Zoom – Ray Dalio’s New Zoom App is All About Instant Feedback — Fintech Zoom at Work (Fintech Zoom)
Zoom – Ray Dalio’s new Zoom app is all about instant feedback — Fintech Zoom at Work. Bridgewater founder Ray Dalio is known for his hedge fund’s unusual experiments in management. They include the famous “Dot Collector” system, in which all Bridgewater employees are tasked with giving one another real-time feedback on an iPad app during meetings and presentations.
Danish-Originating ARK36 Bolsters Team (Hedge Nordic)
Stockholm (HedgeNordic) – Cryptocurrency hedge fund ARK36, founded by an all-Danish team led by Ulrik K. Lykke, is bolstering its Cyprus-based investment team with the hiring of Loukas Lagoudis as Executive Director and Socrates Minas as Investor Relations Manager. The new hires will work directly with ARK36’s Executive Director, Ulrik Lykke, out of Larnaca in Cyprus. Loukas Lagoudis has previously worked at Argo Capital Management, GAM Investments, Millennium Investments and HSBC in various roles focused on the portfolio construction of tailor-made solutions and systematic strategies. He also developed macroeconomic models at Credit Suisse in his role as assistant vice president between September 2015 and August 2017.
